What happened in the real estate market in your neighbourhood during January 2017? Watch the video for a summary and read the full post for more details.

Greater Vancouver Real Estate Market Stats for January 2017

Combined detached and attached sales in the Greater Vancouver market area slowed 10% over December’s 41% to finish at a 31% sales ratio, continuing the trend of a strong seller’s market overall. Total sales were down just slightly compared to 2016, while sale prices were holding onto a modest increase of 5% over the previous year.

Greater Vancouver Real Estate Market Stats - January 2017Detached sales in the Greater Vancouver market area ranged from a low of 12% in Burnaby to a high of 33% in Port Coquitlam. As is typical, attached sales moved at a much quicker pace, ranging from 35% in New Westminster to 83% in Port Moody for the month of January.

The statistics above represent both detached and attached homes in Burnaby, New Westminster, Coquitlam, Port Coquitlam, Pitt Meadows, and Maple Ridge for the month of January 2017.


Metro Vancouver Real Estate Market Stats for January 2017

Metro Vancouver’s market dropped 12% over December’s ratio of 31% to finish at a 19% sales ratio for January. Total sales were down by about 40% compared to 2016, while sale prices fell 4% compared to the previous year.

Metro Vancouver Real Estate Market Stats - January 2017Sales ratios for detached homes in Metro Vancouver ranged from a buyer’s market low of 7% in the Westside area to a balanced market high of 16% in North vancouver. Attached home sales ranged from a balanced market low of 17% in Ladner to a seller’s market high of 47% in North Vancouver.

The statistics above represent both detached and attached homes in Ladner, North Vancouver, Richmond, Tsawwassen, Vancouver, and West Vancouver for the month of January 2017.


Fraser Valley Real Estate Market Stats for January 2017

Combined home sales in the Fraser Valley slowed 7% compared to December’s 36% ratio to finish with a market speed of 29%. Total sales volume slumped by nearly one third compared to 2016, but sales prices were still up by a comfortable 14% over the previous year.

Fraser Valley Real Estate Market Stats - January 2017Detached home sales ratios ranged from a buyer’s market low of 10% in White Rock to a seller’s market high of 34% in Langley. Attached homes moved much quicker in the Fraser Valley with North Delta posting the lowest seller’s market ratio of 21% and Langley moving attached units at swift pace of 63%.

The statistics above represent both detached and attached homes in Abbotsford, Cloverdale, Delta, Langley, Mission, Surrey, and White Rock for the month of January 2017.


Request Your Free SnapStats Market Report

Want to download a free copy of my monthly SnapStats Market Reports for your area? Request your free subscription now!